Need to upgrade or add technology equipment and curriculum, but don't want to deplete existing credit lines or spend working capital?   Then leasing may provide an answer; it enables you to conserve capital and better manage your balance sheet by dispersing your technology investment over a specified period of years.  It can also allow you to provide for the educational needs of your students, not next year or the following, but today.

What is the typical process for leasing equipment?

You start by filling out an easy one page credit application.. The credit information is processed and upon approval the lease documentation is sent to you for signing.  Upon receiving said documents back, a purchase order is sent to the vendor. Upon delivery and acceptance of the equipment by you, the vendor is paid and your lease commences.

What is the period of time associated with a lease agreement?

This is a flexible issue.  Common lease terms are (3) and (5) years.

Can you lease software, installation, shipping and services?

Yes.  All aspects of your equipment installation can be included in your lease.

Insurance?

It is required that the equipment be insured. All that you need to do is contact your insurance agent to have the leasing source listed as an additional insured loss payee for the equipment.

When does the lease start?

The lease starts once you take delivery of the equipment, have signed the Equipment Acceptance and completed a verbal verification process.

Are lease terms flexible?

There are a variety of leasing options available, allowing the lessee to customize a program to address needs and requirements – cash flow, budget, transaction structure, cyclical fluctuations, etc.

What happens at the end of the lease?

This is usually agreed to at the beginning of the lease.  Commonly, a buy-out option is exercised, as an example 10% of the original purchase price.

How do I apply?

Just contact us by phone or email.  We’ll fax or email an application form and answer any questions you may have.

Geometrics     200 Martin Lane    Elk Grove Village, IL  60007

847-338-0524